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CARBO Ceramics Keeps Dividend Steady

Proppant maker CARBO Ceramics (NYSE: CRR) announced today its third-quarter dividend of $0.30 per share, the same rate it paid last quarter after raising the payout to investors 11%, from $0.27 per share.

The board of directors said the quarterly dividend is payable on Nov. 15 to the holders of record at the close of business on Nov. 1. The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 1.1% based on the closing price today of CARBO Ceramics' stock.

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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

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